Australia’s Qantas said on Thursday that it would implement a massive $10 billion cost-cutting program in response to the Covid-19 crisis, which will include jobs cuts of at least 20 per cent of its total workforce and the grounding of… Read More ›
Month: June 2020
Huawei and Hikvisionare among 20 Chinese companies owned / controlled by Chinese military: DoD
Basing itself on documentary evidence, the U.S. administration has come to the conclusion that Huawei Technologies and Hikvisionare either owned or controlled by the Chinese military. The determination lays the groundwork for further U.S. financial sanctions on the duo. Confirming… Read More ›
U.S. President Donald Trump signs memorandum to protect lobster industry, vows tariffs on China
In a development that could add more barbs to the ever increasing U.S.-China trade tensions, U.S. President Donald Trump has signed a memorandum aimed at protecting American lobster fishermen who have found export markets drying up. “If those purchase commitments… Read More ›
Apple’s Valuation Is About 20% Short Of Being A $2 Trillion Company
Investors at Wall Street have reacted positively to what they saw and heard from Apple during the Worldwide Developers Conference organized by the company in a virtual environment for the first time because of the novel coronavirus pandemic. This was… Read More ›
Green Campaign Group Alleges Wood From Unsustainable Logging Being Sold In EU
According to the allegations made by a green campaign group, consumers in the European Union are being falsely made to purchase unethically sourced timber from Ukraine as being ethical and sustainable because regulations in the Ukrainian forests is not proving… Read More ›
SoftBank plans on selling T-Mobile US Inc at $103 per share
According to a source familiar with the matter at hand, SoftBank Group Corp is set to sell a portion of its stake in U.S. wireless carrier T-Mobile US Inc at $103 per share to raise $13.76 billion. On Monday, SoftBank… Read More ›
Dell weighing its options on VMware
According to a report from the Wall Street Journal, Dell Technologies Inc is weighing its options of divesting its roughly $50 billion stake in cloud computing software maker VMware Inc. Dell’s options also include buying the remaining stake in VMWare,… Read More ›
Volkswagen AG in acquisition talks with French car rental firm Europcar Mobility Group SA
According to sources familiar with the matter at hand, Volkswagen AG is holding talks with Europcar Mobility Group SA to acquire it. The potential deal will allow the carmaker to better capitalize on its fleet. The dealmaking comes at a… Read More ›
U.S. companies forced to compete with state-backed companies in China
U.S. Treasury Secretary Steven Mnuchin stated, U.S. companies will decouple from China if they are not allowed to compete on a fair and level basis in China with its domestic companies. Mnuchin made these remarks while speaking at a virtual… Read More ›
Plans Of A Platform To Take On Google And Apple Unveiled By Snapchat Owner
Plans for launching of a fully fledged digital platform that will rival not only Facebook but also Google and Apple were revealed by Snap, the company behind Snapchat. The company plans to soon launch an app store and expand its… Read More ›
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